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20121221
20121221
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and the phillipines, both aussian members, are in dispute with china over items in the south china sea. >>> putin has voiced his hope with government under shinzo abe. he wants to settle a long-time dispute and conclude a peace treaty. putin spoke to more than 1,200 domestic and foreign reporters in moscow on thursday for the first time since he took office in may. >> i've seen that leaders want to enter into peace talks with russia. these signals are important and i appreciate them. i hope we'll have constructive dialogue. >> the two countries have been unable to sign a peace accord due to the territorial row through a group of islands. japan claims the northern territorys but russia controls them. >>> many are fearful of showing support for malala. >> the 15-year-old student was shot by the pakistani taliban in october after championing girls' rights to education. she was critically wounded but is currently recovering in the england. she hails from north western pakistan. a women's junior college in the region named itself after the teenager shortly after the shooting. the name change was a move to
resolutions because it involved ballistic missile technology. china opposes a legally binding resolution. the permanent member of the security council argues such a move could prompt north korea to carry out another nuclear test. japan is working with the united states and south korea to impose additional sanctions, but tokyo's ambassador says the three countries are too distant from china's position to permit dialog. >>> the u.n. general assembly has adopted a resolution about north korea's human rights violations. they include torture and public executions. the text also urges the north korean government to resolve the abduction of japanese citizens and other foreign nationals. a north korean diplomat has dismissed the document as political fabrication. >>> not up to the minute. but state-run media has been much faster in reporting the rules of south korea's presidential election than they have been in the past. the brief reports thursday, the day after the election, and friday. they said park had won a tight race. compare that with what happened five years ago. north korean media wait
on a trampoline or deep pool. we think housing, autos, anything china related can be bought right here using weakness as an opportunity to buy and not sell as we work toward a deal. keep in mind that it might take until the super bowl when everyone by then would have seen the truncated paychecks and got to get a deal then. give them the failure of the government to rise up to a compromise on the cliff so far. you would expect a bigger sell-off today unless of course you recognize that a compromise is more easily reached in 2013 than 2012 and maybe a stopgap. if we wake for a kick the can deal, what's the point of selling? it's better to be a buyer instead of seller. compromise is far more likely than not despite last night's shenanigans. jack in florida, jack? >> caller: i read your book. i enjoyed it very much. >> thank you. >> caller: i'm following a sector rotation strategy with some of my investments. currently in the material sector. and hoping to catch more of the housing uprise. but with the fiscal cliff looming, i was wondering if you would advise more defenseless strategy like consu
in boosting inflation ultimately. the euro/dollar, 1.3221. so for trading in asia, just how japan, china and the rest have been affected by fiscal cliff news, diedra morris is join onning us with plenty more. hi. >> hey, kelly. it was a bit of a rude awaking. a lot of these indexes were on their way to gains and then we had the fiscal cliff setback. we had news that john boehner's plan b failed. this all turned red and this is where we ended. the nikkei 225 coming back from that huge rally that we have seen over the last five weeks shedding 1%. the exporters hurt here because the dollar/yen was lower. it has regained some ground in the last few hours or so. the kospi shedding about 1%. blame politicians in the u.s. and blame heavyweight samsung. this accounts for some 20% of market value on the kospi index. down 4%. that hurt the broader markets. this is, of course, because eu regulators are poised to excuse samsung of breaking competition rules and filing competition patent lawsuits against samsung. greater chinese markets, shanghai more isolated from global happenings and fiscal cliff
wanted to write about china. i wanted to find out more about myself because of i was raised in the bay area and because i didn't know culturally a lot of things i wanted to know. i knew i wasn't going to write about myself and knew that i was not going to write about my family. but i wanted to write about an aspect about china and women. those were the 2 things i knew when i began the first book. i was fortunate enough to it stumble upon the silk working women which gave me everything i wanted. it gave me the culture. it gave me a sense of what it meant to be a female chinese women in that time and a sense of empowerment on what they had done. regardless of what they understood they were doing at the time. they didn't know it was a culture that was earning money and living independent of husbands and family that was doing everything against what it meant to be in the chinese culture. i hadn't heard about that and it was perfect. it was exactly what i was looking for. i can go off and preach about the fact they think so many of us asian american authors and asian authors in general tend
in captivity being studied in china. but this male penguin, the most dominant one on the screen, does something researchers have never seen before. >> is he playing momma? >> what? >> he swallowed the baby. >> he did, he just ate his baby penguin. whole. >> as researchers were watching the cameras, they saw this father penguin trying to feed the baby penguin. the baby wasn't eating so the father started pecking at the baby. and then just pulled it into its beak -- and swallowed it whole. >> a lot of animals in the animal kingdom. the males will eat the babies if they feel they're sick or unhealthy. >> most people agree that this kind of behavior never happens. >> this is really surprising. because a lot of people saw "march of the penguins." and saw the story about how penguins really care for the baby. >> in the penguin world it's the father who rests on the egg until the egg hatches, it's a huge job for the father and they're very involved in caretaking. >> was the chick alive? >> you do see the chick moving. >> you can see that it's moving. >> you do see it moving. >> they are currently tryi
because i see china coming back a little, maybe europe's done going down, we seem to be a little bit stalled. somebody's building something around this world. >> i think it's a matter of jabil being very competitive in the markets that we serve and having sufficient diversification so that if one part of our business, for instance networking or telecommunications may be going through a lull or a slower period with government spending and business spending, capital spending down, we have some other parts of our business that are doing extremely well. you mentioned some of the mechanics business we're involved in which we call our materials technology group. that has nothing to do with electronics so we don't have to sell any electronic hardware for those businesses to perform well. parts of our business really are a reflection of the economy and other parts of our business are growing very robustly. so i'm very hopeful for the balance of the year and, you know, i think the company is diversified enough to take advantage of whatever opportunities are out there. >> okay. i am so glad ab
. if apple gets approval for the china mobile contract, and the television, the smart television which are both expected, anticipated this year, we're looking for earnings this coming year of $50. $50 times 14 is $700 price target. we have a $720 price target, bill. so we've put apple, qualcomm, microsoft, oracle, and your big club stocks. all of those have done well this year. the big winners of this month, the banks have come on super strong. china ma and japan. and i think you can start to nibble a little on china and japan, as well. >> michael, is there an argument to be made that you don't want to touch stocks right now until you have some clarity on this fiscal cliff? just in case we see a big sell-off? >> there is, but i'll argue, too, that you're talking about $600 billion being sucked out of the economy next year. the s&p made $20 trillion. while we are looking at the fiscal cliff countdown, there is another countdown to new all-year highs when the dow is close to the prior peak around 600% from here. investors should be looking overseas. you want to look where there is no fis
and china and bamboo and native plants. >> they're trimmed to a human scale so you relate to them on a human level. >> this is one of my favorite sections and you can see the goarnlrous maples by the bamboo back drop and especially beautiful in the fall when the leaves start changing colors. just around the corner from maple lane this little garden is called a zen garden, a dry landscape garden and constructed here in 1953. this was originally designed by zen monks for the ground. their main purpose was to create a trairchg tranquil setting for the monks. this is no ordinary bridge. it's made of redwood, oak and cedar. the high arch style makes it easy to pass under. the newly refurbished tea house is in the center of the gard scpen a great place to eat and chill as you take in the view of the garden. if you wish you can experience the rich cultural tradition that celebrates the preparation of green tea or matcha and your host dressed in the ceremony will demonstrate how to clean the utensils and receive and drink tea with ancient japanese customs. the art of the tea ceremony once ava
. now, some folks want to trade freedom for security. just go to cuba, you will see that go to china, government runs the show. and through the history strong central governments have always been on display. america was supposed supposed to be different. that's why the founding fathers built in protections for us that's why they encouraged a free press to keep government power in check. to expose power grabs in washington. but now the press is working in concert with the obama administration. no longer do we have a skeptical media when it comes to confronting power. the president's liberal ideology is compatible with the liberal belief system of many media bosses. and so we are seeing a tremendous power grab in washington. that's not being challenged by many in the media talking points admit very few americans understand what's going on and certainly many voters had no clue in november. just remember, every time. every time a new law is passed, even the good ones the state grows more powerful the individual grows weaker. that's the truth and that's the memo. now for the top story ton
. so, after 52 cycles come our calendar is renewed. >> in china, one inventor has created an end of the world pot again for those -- for those looking to survive armageddon. >> i could do a party to mark but if it is going to end, the party's likely to happen, is it? >> no one knows what the end of the world will be like but it was a match and in this painting. there have been many predictions about what it will be. the seventh day adventists said that it would be in 1874. the prize for persistence would go to a person who predict that the end of the world at least six times between 1994 and 2011. he was wrong every time. in france, one village has been sealed off by police and surrounded by journalists after rumors spread that the local mountain would prove a safe haven. the locals fear an onslaught of new wave survivalists. >> we don't think the world this point and. >> you came here just for the fun of the story? >> famous journalists come to meet some crazy people. it might take more than a ufo to survive this if it turns out that the mine's ore right after all. mayans were r
." as for overseas trade, china's economy is predicted to grow at 7%. it used to be 15%. "hu jintao's approach was 'build the middle class.' i don't know if the next leader will make that his goal." and in europe, observers think the worst is over, but the first half of the year will be slow. "they're going to make progress, but not enough to change much. what they need is private equity, private investment." finally, investing in community or regional banks - an alternative that may surprise you. "you can invest in small banks and help your community. if enough people do that, the country will improve." lastly, financial analysts say the ipo calendar will be worth tracking in 2013. with roughly 150 private companies ready to make their initial public offerings, more than in each of the last two years. a possible strike that would hit ports stretching from massachusetts to texas could have a ripple effect on the national and global economy. just days after a west coast port strike was resolved, this new walkout is being threatened by nearly 15,000 longshoremen union members who are upset over
. the next five years will be telling for the ruling party. >> more than 1000 people in china have signed a business -- a petition where people -- it is part of an effort to tackle corruption in the government. while less as if elected -- there is a growing debate in israel over the use of pesticides in some of the country's favorite foods. a survey has found high levels of residue in more than 100 types of produce. james ferguson has the story from jerusalem. >> -- james ferguson has the story from jerusalem. >> israelis in fresh and local but how healthy are these foods? in recent government study has called hadi has caused some alarm. >> there are people that tackle these issues seriously and start to grow something which -- it should hand -- it should not happen to a thing like this. >> the study of pesticide residues in 56 of -- 56 percent of the foods, there are higher levels than permitted. there is possible exposure to pesticide use in farmington abutting quantities within the range of risk. others say the longer-term effects are potentially harmful. >> there have been studies in
. >> in addition, to that, we also have the ferry landing at china basin and on average that is home game ain ten dance is dwayned to and from the ballpark by ferries. and with that, we would like again to bring forth, carolyn or began, she is the president of blue and gold fleet and they will she'll be able to give us a better insight and explanation on how important the ferry and excursion services are to the port and bay of san francisco. >> commissioners and director moyer, good afternoon. thank you for giving me the at some point to give you a little i am insight to blue and gold fleet. i would like to start out with a brief history of blue and gold fleet. blue and gold has been a port tenants when the found ore deer recognized the opportunity that existed to operate excursions and cruises. the first set sail from peer 39 and blue and gold expanded into the community computer service in 1931 the service started after the lulla competer earthquake in 1939 and was the beginning of the resurgence in 87. and the service started in 86 when marine world moved to value lay hough when the ser
. this china basin park proposals is one of the reasons why the giants the sea well lot 337 llc., proposal is receiving such positive tension it's because of the attention they have given to the design of this water front open space. it would be 5-acres the costs are high. we are looking at entirely newue tillity infrastructure new streets, sidewalks sidewalks and park locate and is improvements to pier 48 currently estimates at over $2 million in current $2,012 and this infrastructure is really needed to unlock the value of this site for the port and for development. very significant this would be an entirely new city neighborhood with significant economic development for the city as a whole and 5,000 construction jobs and over 7,000 permanent jobs on the site and 10,000 jobs regionally with up to 2,000 new residents so erail mentioned the fiscal analysis that we would do through fiscal feasiblable report to the board of supervisors prior to environmental review and the draft fiscal feasiblability for this probability indicates a 9 million-dollar tax benefit to the city after the cost
in china, but they are made out of cattails. >> these pieces of here, you have a whale head and various animals and their health over there, and they are jewelry. >> we do fund raisers for nonprofits, so we are doing a project for the magic theater, so there are some pretty funny cartoons. they are probably not for prime time. >> you sort of have a kind of holistic relationship where you might do merchandise in the store that promotes their work and practice, and also, prince for them. maybe we should go back and look at the print operation now. >> let's go. >> before we go into the print shop, i noticed some incredible items you have talked back here. what are we standing in front of? >> this is william wiley, only one earth. this is a print edition. there are only eight total, and what we wanted to do was expand the idea of printmaking. this is really an art object. there we go. >> besides the punball machine, what do you produce in limited edition? >> there is the slot machine. if you win the super jackpot, you have saved the world. >> what about work? >> the right design, it was thr
.5%, after looking at the food turns out kfc in asia and china supplied with chicken that contained excessive antibiotics as reporting the administration's sentiment, facing intense competition and forecast sales that were going to be lower, taiwanese chicken, they have been tense competition. here is the part that freaks me out for lack of a better term. eight of 19 baskets of the chicken samples were sent to the testing laboratory in 2010-2011 that contained overly high levels of antibiotics. this was going on for an extensive period. eight of 19 badges, less than half of the badges, that is a good percentage you will get these chickens but too many antibiotics. stuart: that is why stock is down, the china market is the most important market for yum brands. that accounts for the stock rise recently doing well and pulling back because it has a problem with chicken in china. we hear you, thank you very much. the dow jones averages back to a loss, triple digit was down 107 points after john boehner made his presentation half hour ago the dow came from 122 down to 88 down and now back to 105 do
. >> you can hear and talk to players you might be playing against in china? >> exactly. >> my favorite company that makes gaming headsets is turtle beach. i have a turtle beach headset i love it. they rang in cost from $30 to $300, depending on what you want to spend. >> thank you, zach. >> good stuff. >> a video with a message for those preparing for end of the world. >>> get it while you can. >> oh my gosh! [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high speed internet on our advanced digital network
peking cut in all of china town. >> that i will, sir, that i will. >> jon: then you and me are having chinese food and going to the mother [bleeped] movies. >> really? >> jon: yeah. >> quick question, sir. may we go see "jack reacher," sir? >> yes, absolutely. >> old man stewart. >> jon: it's going to be the best christmas for a jew, ever. >> mazel tov, guv'nor, mazel show. now, if you looked at the calendar today or talked to anyone, you know it's a very special day, 12/12/12, the day the mayans prophesized as the beginning of the shift that culmination in the end of the world on 12/21. or so i read in idea new age book [bleeped] monthly." the crystals article is somewhat controversial. the mayans were clearly not the best at predicting when civilization would end. mayans. how scared should we really be? what could happen between now and december 21st that could trigger global annihilation? >> north korea today entered the space age. apparently they put a satellite into orbit. [speaking north korean] >> people in the capital seemed to welcome the news. >> jon: something about that ou
authorities in china were testing chicken that was supplied to cfc restaurants for excessive antibiotics there. the finding by the shanghai food and drug administration is, of course, a blow to kfc's reputation in china. they are already experiencing a lot of competition there. the update on this story is that yum has since issued a statement saying that they are cooperating with the government's review of these two poultry suppliers, and as such they do not anticipate to see a shortage of product supply. as you can see from the chart, we were down about 4% from yum. >> all right, thank you so much. we are waiting on president obama's statement on the state of negotiations in washington. the president is meeting right now with majority leader harry reid. they're meeting now, and at 5:00 p.m. eastern we are told the president will make a statement, which we will carry live for you right here on cnbc. keep it here as we take you live to the white house with the president. coming up, my observation on what today's selling is telling us about what's happening or not happening in washington. and in
runs deep. >>> some positive news after the closing. nike. the problem with china, china just went from head wind to tail wind. that's a great research company. research emotion, we decided was not worth selling or shorting. is it something to write home about? it's not bad. what matters is the tone of the market is much better than the tone out of washington. like i said, there's always ait. right here on "mad money." i'm jim cramer and i'll see you tomorrow. >>> good evening, everyone. i'm larry kudlow. so a crucial moment for our economy and for our right to bear arms. high drama on capitol hill right now as house republican speaker john boehner looks to pass his plan b fiscal cliff bill in a million dollar tax threshold. votes aren't there yet. that's why we are following this live through the whole thing this evening. >>> and as the president's new anti-gun violence task force starts work, we learn that now outside experts have yet joined that panel. meanwhile, the debate on gun control rages across the country. tonight we will hear from outspoken tv host piers morgan and form
an originator of new kinds of policies. if you take, for example, china policy i think that he may be reluctant to react to a china which is very different from the way it was in the past. >> brown: let me bring david ignatius back. i guess it depends on what you think is needed right now, right? >> i think the world's a mess as kerry believes. he's right. and needs a strong american voice. needs the sort of steady hand that some of these experiences can bring. i point i would make about kerry is that although he often comes across as a stiff, as an establishment figure very form layic, in terms of shall ideas an willness-- willingness to engage adversaries, reach out and try to find a channel to iran, for example, reach out to the palestinians, try to think of new ways to deal with the arab world, kerry is on the more innovative side. so i think he is not going to be a wild radical-- the country will miss having someone like susan rice who is a younger, different voice. but i think that kerry-- it's wrong to think of kerry of just being a throwback to 30 years ago. >> brown: is it clear still
think broadly of markets like china and brazil. these are markets that started to increase monetary easing. that have started to restructure their economies and certainly we think china has avoided very nicely a hard landing and will be back for growth track next year. >> talk to me about getting yield. that what everybody want right now. how are you doing it? high yield or investment grade securities or where? >> we are underweighted and they don't provide much of a yield these days. they are on high yield and we've had a barn burner of the year with high yield. we still think you can get high digit returns in 2013. and we are looking at global infrastructure in real estate as providing a nice sustainable yield for investors. >> the big debate down here for the past couple of days after the fed made its announcement is whether or not that will prick the bond bubble. where whether we are in a bond bubble or whether there was a bond bubble. where do you stand on that? >> it's interesting. when i think after bubble, i think of something that can burst and drag values down to zero. one
doubles of income -- liz: china. >> they want to demonstrate they accomplished that and luxury names are the perfect way for a lot of consumers to do that. liz: he is unafraid and has been for the past several years and done very well. good to see you. have a good holiday. robert some fee of oppenheimer international growth fund portfolio manager and we are seven minutes from the closing bell, santa claus, i wish i could say rally but not today. force shares of this company, hedge fund manager plays the grinch. we will tell you what stocks coming. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. he les risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the mar
more cooperatively to counter china. so certainly senator kerry, if he becomes the next secretary of state have a full plate. >> what was he like in terms of his personality? i covered him in 2004 when he was running for president in george w. bush and he was not really able to relate or identify to everyday folks, but he has quite a reputation overseas and abroad. overseas and abroad he has a reputation for knowing issue and he has relationships with a lot of world leaders and it was senator john kerry who convinced afghan president hamid karzai to go for a runoff election when the presidential elections were in question and i think he's going to be able to relate to leaders suft as secretary clinton did as a politician when these leaders are having problems compromising to say, listen, i'm in your seat. i know where you've been and run for office before and i think that will serve him well. here in washington, he is seen as someone who is very confident and on top of his brief and also someone who likes to control issues, and such as the middle east. he's someone who drills down
are not as bad with fiscal cliff. china not as bad as we though, u.s. very strong. so nike, if it goes back to 97, it means we're going to have a real bad couple of days in my view. look at red hat. red hat is a technology company that is deeply involved in the cloud. they, too, had a better than expected number, as did oracle in the cloud. so these are my two tales for the trading today, david. if you pick the best of the best and they go down, you'll really have a couple of -- >> when it comes to the so-called cloud play and the use of it in the competition here, is that one of the key names? >> yes, it allows you to manage cloud in a cheap -- an anti-microsoft business. their partner is sales force.com. i'm really using these as tells. in other words, these are the ones where there's natural buyers. as we just found out how good things are. it wasn't like we found out a month ago. we just found out last night. if they have resilience, the market is going to be more resilient than people think. if they give up the ghost, i think next week's going to be difficult, too. >> all right. we'll be wat
other weapons. >> we'll leave it there. a thought for our viewers, think about what happened in china last week right when this >>> our third story "outfront," a major snowstorm paralyzing holiday travel. there has been near blizzard conditions already in chicago. half a foot of snow forecast and the timing coming be worse. tomorrow will be the worst day of the holiday season. karen mcginnis is out front. what's the latest on the storm and is it going to move east in. >> it is going to be moving east and this powerful area of low pressure is now centered just over the lower great lakes. it is moving fairly quickly now toward the east. so by tomorrow, it will be centered across the northeastern region with lots of wind being reported. but in chicago, it has been 290 days since they have seen significant snowfall. and now the snow has started to move in. when it is all said and done, it looks like chicago, some of the suburbs could see about a half a foot of snowfall with some winds, gusting up to as high as 60 miles an hour. i wanted to show you some pictures coming out of beaver dam i
they are in danger. >> bob: evangelical movement is moving to places like china, where a number of them were killed and country that is dangerous. that is what conviction of the face in jesus christ is about. give him credit. i don't say that all muslims are intolerant. they are not. but the problem is your leade leadership, don't seem to get it. they don't some to follow the prophet muhammad. they might want to read it one more time. one more time. one more thing is up next. ♪ ♪ >> andrea: time now for one more thing. >> dana: last night we had our "the five" holiday party, office party. instead of going out to have a dinner, we went bowling. at a place in times square. >> greg: we. >> dana: greg didn't come because he is a scrooge. place called 44. happened to be, president obama, the 44th president. i took that picture and said it was a sign. get it? greg? andrea and i threw pins. i don't know what happened to our eyes there. we look demonic. >> andrea: possessed. >> greg: payback. >> dana: we were angelic and we very, very good. >> andrea: speak for yourself, dana. >> eric: tell you about t
, serbia, turkey, china and elsewhere. now the big question, since we're still here, what to to do about dinner? it could be end of traumatic stay in mexican jail for former u.s. marine arrested on vacation. correspondent steve harrigan has the story of an effort to get their son home for the holidays. >> john hammer's family goal was to get him home by christmas now. his parents, lawyer and congresswoman all say they expect his release today. >> amen, hallelujah, wonderful early christmas president for the family. the community rallied for john's liberty. >> the 27-year-old former marine is a combat veteran who served in iraq and afghanistan. after treatment for post traumatic stress disorder he and another former marine bought a used winnebago and planned surfing trip through mexico and costa rica. hammer's family maintains he declared the antique rifle he planned to use the hunt birds to custom agents on both sides of the border. he was arrested after entering mexico a taken to the notorious prison filled with drug cartel where for a time he was chained to a bed. his parents began to
that show the productivity is higher here as compared to places offshore like india and china. especially the communication skills. you have offshore, what we call, language nuance issue. if you ever gotten on the phone, can't quite get their accent and all the problems with that. and from an i-t perspective, all the rework to be done here if you have americans here. they understand culturally american business and they could communicate better and their productivity is higher. david: there are a lot of places you can go to work or move your manufacturing into the united states. i am wondering local incentives from states you look for? you see a lot of states, for example, going into the right-to-work state of being which they say will attract businesses of the does that sort of thing work for folks like you or more direct tax incentives? what attracts you? >> states have been very helpful helping companies like mine, genesis, 10, providing the right incentives. david: specifically what do you look for? a lot of states are wondering how they could appeal to people like you. >> as long as
-old american woman and a 25-year-old canadian man died. medical workers rushed survivors to a clinic. china. workers rescued a driver stranded in a blizzard. he says he lost sight of the road in the whiteout conditions and drove his pickup off the highway. an emergency worker got under the truck to tie on a tow rope. mexico. archaeologists say they dug up more than a dozen misshapen skulls. in an ancient burial ground in the northwest. they report signs of skull binding in which boards elongated the bones. experts say it was a right of passage into adulthood. most of the skeltons spain. richest lottery. more than $3.3 billion up for grabs in a country where one in four people is out of work. prize amounts vary and there are usually thousands of winners. the top prize this year, about a half million bucks. and that's a rap on this fox trip around the world in 80 seconds. the half million is worthless, of course because it's been a very good run in a span of about 200,000 years humans have created the wheel, the interwebs and twinkies. but it's all over in a matter of hours. there is no tomor
. >> 21. >> i'll show china how to dance. >> what defines me? >> ryan lochte. >> he embodies american exceptionalism. being world-class at something while still sounding like kind of an idiot. it is just as true today as the day it was placed in my hotel room. it tells of a tower a vast, decadent structure. erect the by those who saw themselves as god's eequals. asas paybacks for the presumptive. god curse their tongues making them speak in utter gibberish. >> ing the -- what? what do you want me to tell romney? i can't tell him that. i can't tell him to do that. >> that's right. i also learned that mitt romney can do that to himself. >> 47% of the people who vote for the president no matter what. >> stupid freeloaders. i'm glad none of them are here filling our water glasses and parking our cars and recording this. someone please tell me they're not recording this. mitt romney. that's me. mitt romney. and finally probably most importantly, i learned what paul ryan looks like when he works out. he lo
and wait it out. entry fee: a thousand dollars. in china, hundreds of people from the almighty god cult have been arrested for distributing leaflets. their crime? not warning of the end of the world but promoting war on the big red dragon-- the communist party. in the south of france it's believed by new ages to be the only safe place in the world. something to do with the shape of the mountain which overlooks the village. but today t.v. crews and police outnumbered prophets of doom. >> sreenivasan: in this country, nasa has produced a video to reassure those who need it. it's titled "why the world didn't end yesterday." the president of russia vladimir putin put new distance today between his government and the regime in syria. in his annual news conference, putin insisted his country is not protecting syrian president bashar assad. he urged assad to hold talks with the opposition, and negotiate an end to the bloodshed. >> ( translated ): we are not concerned about the fate of assad's regime. we understand what is going on there and that his family has been in power for 40 years. the c
in the world paying big in chin. in china, individuals cannot own any arms. we have the same kinds of violent situations going on. in connecticut they had some of the strongest gun-control laws in the country and it still occurred there. let's look at the problems that caused this to occur. let's focus on solving those problems instead of just saying it is guns. right now today in connecticut, also weapons -- an assault weapon is a machine gun. they are already controlled. someone cannot just go to the store and buy an assault weapon today. it is not about clips or number of rounds in a gun. we have to focus upon those problems that caused this young man to snap, to kill his mom. i cannot imagine that. and then go and kill six-year oldss. the guns did not make him do that. the guns were not evil. he is evil, his act is evil. we need to deal with what caused the problems. i don't think the guns caused it. host: back to your home state of georgia, james is on the phone on the independent line. caller: just a few things. georgia is last on the bottom of the education. you are doing nothing to he
of the year. we have stability in china because of economic activity and that was a drag and then we have the doj promising tease and the federal reserve doing the same thing and all of a sudden it is not the world looking over the cliff, but we 3-quarters of the world looking the other way starting to come back and that is the difference. tracy: what happens? we are stealing from queue to. >> we always steal from one quarter to another. tracy: europe might come back to bother us again the second half of the year. could that mean an okay first half, second half disaster's again? >> we never have smooth sailing at anything. sell in may and go away. which works sometimes and doesn't work. what we feel good about is investors are forced with a problem that dividend taxes are going to go up. to me that is a good problem because it is going to take investors out of the safety of the blue chips and staples and utilities and put them into faster growth equities. riskier. if we look at the risk bucket of assets if you look at low-quality munis and wrapped around a head for awhile, 3.5% yield pret
? china's got this fledgling recovery going. if you look at the trade numbers, they're extremely weak into the european bloc. they're okay into the u.s. bloc. but u.s. demand deteriorates, then there's no chinese recovery. and then the bid for commodities and all the demand related to that gets -- >> right. you said it, barry, because it's been signaling that in the currency market because the aussie dollar which is the proxy for the risk trade for asia has been very weak relative to the eu euro. that's signaling the market is very concerned about that going forward. >> copper, as well, i think is another indicator. >> you know, roger, i hear all of this, and you're somebody who knows what happens behind the scenes in washington. you know how these thingsz work. when you see how this is setting up at this point, what do you really see as the most likely scenario between now and the end of the year and then into january? >> first of all, i don't think anybody wins if we go over the fiscal cliff. i don't. i doubt we would stay over the cliff so to speak for more than very, very short pe
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